Heyyyy!
Time for Round Two!
At 10pm, S&P is down by -0.89% -- expect the DAX to follow suit then, in catching up: down -1.80% tomorrow...
"And now, ACT THREE!"
SPX down 1.53% at 11:55ET, with the DAX cash closed at -2.46%, give the SPX an excuse to rise a bit: 7pts or so.
{{ 2.5%/2 = ~1.25%| so we're down an extra 7pts, which is not *huge*, but again, there is an "excuse."}}
Since we enter Euro-close just as US starts going to lunch, "Oy!"
At the same time, the TRIN has skittered up through 11o'clock, which is not the *worst* selling agenda, but the _direction_ suggests it.
As I hit SEND on this, ES front futures DOM shows 3800 contracts on the BID, 3200 on the ASK, showing baldly that *their* expectation is down, doobie-do- down down.
It's twelve noon: the more of this hour that this continues, the more we'll end down, without a material recovery a'la Euro-close. This be U.S. driven.
GOOD LUCK OUT THERE.
12:30PM UPDATE:
After falling during the time I was posting, the market has turned from up on rather poor volume. I do NOT trust it.
2713. Let's see some volume, folks. Let's clear 13:16 ET (another 30 minutes, plus 15 minutes of squish, plus 1 more friggin' minute, cuz "Markets.") Show me some buying volume. DON'T show me a rising market because the sellers all went to friggin' lunch.
